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Mon, Jul. 21, 7:09 AM
- Volvo (OTCPK:VOLVY) says it expects a 440M Swedish crown ($64M) blow to operating income for Q3 after a U.S. court upheld a 508M Swedish crown emissions fine over the automaker's Volvo Penta diesel engines.
- "Volvo will now review the ruling in detail, and consider whether to appeal or not," says the company.
- Last week, Volvo posted core earnings well below Q2 expectations due to slow demand for European trucks and a weakening market for construction equipment in China.
Jul. 5, 2012, 3:03 AM
VOLAF vs. ETF Alternatives
Volvo is a producer of trucks, buses, construction equipment, drive systems for marine and industrial applications as well as components for aircraft engines. Volvo also provides financial services to its customers. Co. is organized into eight product-related business areas (Volvo Trucks,... More
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